Proceeding contribution from Hugh Bayley (Labour) in the House of Commons on Thursday, 9 October 2008. It occurred during Topical debate on TOPICAL DEBATES Financial Stability.
TOPICAL DEBATES Financial Stability
The hon. Member for The Wrekin (Mark Pritchard), who has now left the Chamber, asked about affordability. Does my right hon. Friend take some reassurance from the editorial in today's Financial Times, which says:"““The government can afford this plan. National debt is relatively low and the UK can borrow more””?" When the Conservatives left office, our national debt was 47 per cent. of gross national product. We have got it down to 37 per cent., which has created, through good economic management, the room for this kind of intervention when it is so necessary.
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c425
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Assets Debts Bank services Banks Credit Bank of England Borrowing Investment Financial institutions Financial Services Authority Financial markets Local government Public expenditure Mortgages Loans Lloyds TSB Housing market HBOS Government guaranteed credit Royal Bank of Scotland Abbey National ING Bank Landsbanki Bradford and Bingley Heritable Bank
- Legislation
- Anti-terrorism, Crime and Security Act 2001
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:31:36 +0000
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